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AvenueWest Managed Corporate Housing Expands Years of Expertise into the Northwest: Seattle Office Now Open

Seattle Skyline

July 8, 2016: AvenueWest Managed Corporate Housing’s newest locally owned and operated office, AvenueWest Seattle, LLP, officially opened its doors today. This partnership matches the years of experience that Angela and Tim Healy possess in property management and corporate housing with the local real estate knowledge and business development expertise of Rick Hoffman.

“When I initially met the Healy’s and could sense their integrity and passion for this business” Hoffman states, “I knew they were different from the countless other business owners that I have worked with previously. I was captivated when Angela was speaking about the different services they provide for their clients and how their systems work. We arranged another meeting and the rest is history – AvenueWest Seattle, LLP was born.”

With the Seattle real estate market at an all-time high and rental inventory at an all-time low, AvenueWest Seattle, LLP opens its doors at the perfect time. With their proven business model of working directly with private property owners and investors, AvenueWest Seattle isn’t having any issues finding exclusive properties to market for corporate housing like traditional providers. The new laws being passed in Seattle regarding short-term housing options have also created an influx of owners who still want to maximize their return on investment through furnished rentals and AvenueWest Seattle, LLP, can help them do this still.

Seattle 1

The city of Seattle is proposing regulations for short term rentals for stays less than 30 days to only be allowed 90 cumulative nights or fewer in a 12 month period. These regulations do not limit the amount of rentals for 30 days or longer; however, applicable taxes and a business license will now be required of any property owner wishing to rent their property(ies) as a short term rental, regardless if they are less than 30 day stays or not.

“We are finding that owners who have their property(ies) listed on AirBNB and other short term rental sites don’t wish to obtain a business license or pay the applicable taxes and don’t necessarily want to manage their rental properties any longer, but still want to maximize their ROI on their property investment(s).   We have already received a warm reception in Seattle with private owners wishing to utilize our services to achieve their ROI goals while reducing their time commitment in renting their property(ies). All property owners in our management program benefit from qualified renters who typically stay an average of 100 days in an AvenueWest property giving our owners peace of mind and stability,” states Angela.

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Kimberly Smith, the CEO of AvenueWest Global Franchise, has wanted to start an office in Seattle for years and the partnership between the Healy’s and Rick Hoffman couldn’t have come at a more opportune time.

“Seattle is a booming city with a number of great corporate headquarters, unique industries, and a definite need for alternative housing solutions like temporary furnished housing. Companies and individuals relocating to Seattle for a variety of different reasons will have a strong preference for AvenueWest’s managed corporate rental properties over a transient hotel setting or other standard apartment rentals,” says Smith. “With Rick’s knowledge of the area, and the Healy’s knowledge of the industry, AvenueWest Seattle, LLP is now in league with the kinds of rental properties required by discerning executives and business travelers. Private landlords and investors also have the opportunity to earn greater rental income on their properties.”

About AvenueWest Seattle, LLP

 AvenueWest Seattle, LLP, a franchise of Denver-based AvenueWest Global Franchise, opened its doors on July 1, 2016 and is jointly owned by Angela and Tim Healy and Rick Hoffman who manages this office. AvenueWest Seattle, LLP fosters the connection between a private landlord of a rental property offered as a short-term, furnished rental with those in need of executive housing such as a traveling business executive, relocated family, traveling professor, athlete or actor, and even someone in need of temporary housing during a medical treatment. To offer your property for rent through AvenueWest Seattle, LLP, or to find a property during your temporary stay in the Seattle metropolitan area, contact Rick Hoffman or Angela and Tim Healy directly at 206.319.5459 or via email at: Seattle@avenuewest.com.

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AvenueWest Northern Colorado Franchise Success Story

Northern Colorado Franchisee Experiences Positive Cash-Flow in Six Months; Meets High Demand for Furnished Housing in Ft. Collins and Surrounding Cities

As a long time residential real estate agent, Deb Salek knows all too well the hard work and long hours it takes to run a business. She worked every day, including weekends, helping her clients buy and sell homes. Her husband, Todd, too, knew the virtues of hard work. He spent 13 successful years in the sales industry.

Although at the surface Deb and Todd were successful, both say they felt they had more to give and were seeking new opportunities in their careers. They desired to own a business that could support their family, give them a stable lifestyle, and thrive long after they’ve retired.

“As a real estate agent, I only earned income when I worked,” says Deb. “When looking for a new business venture, I wanted something that would have longevity, and one that offered a repeatable and sustainable revenue stream.”

Committed to finding a new career path, Deb discovered the possibilities of becoming a franchisee of AvenueWest Managed Corporate Housing (“AvenueWest”) after reading about AvenueWest’s CEO, Kimberly Smith, in a magazine, and later meeting her at a networking event.

“AvenueWest sounded too good to be true! It offered all the things I desired in a career, including the opportunity to own my own business, build something I could eventually pass on or sell, and allow me to work more traditional hours so I could spend more time at home with my children,” says Deb. “Plus, AvenueWest fit nicely into my repertoire, enabling me to still pull upon my years of real estate experience, yet explore a new avenue within my niche.”

On November 1, 2013, the Saleks officially opened an AvenueWest franchise in Northern Colorado (4025 Automation Way #F2, Fort Collins, CO 80525).

Getting Started

Deb says that she likes how she didn’t have to “recreate the wheel,” as AvenueWest provides a clear path to business ownership without all the hassles that come with a startup. She says she also likes that the brand has already built trust, recognition, and a track record of success in the corporate housing industry.

Even though AvenueWest offered a path to success, Deb and Todd say they knew it would take hard work and time to grow it into a thriving, sustainable business.

“Almost immediately upon opening our doors, AvenueWest began sending us housing requests, yet we had no inventory to fulfill those requests,” says Deb. “That’s when we knew we had to get resourceful if we were going to succeed.”

To meet the “pent up demand” for short-term, furnished housing in Northern Colorado, Deb and Todd leased several local apartments and furnished them. Little did the Saleks know that the apartment buildings would soon become their top source for new client leads!

Another source of client leads came from insurance companies. Deb says that corporate housing can help people who have been displaced from their homes.

For example, when lightning struck the home of a Berthoud, CO family, an insurance company approached AvenueWest in Ft. Collins, asking them to find a short-term, furnished rental for their client.

Because of the housing shortage plaguing Northern Colorado, Deb says she knew finding this family temporary living quarters wouldn’t be easy.

“We didn’t have any properties under management that met this family’s specific size and location needs,” says Deb. “Rather than turning the insurance company away, we got resourceful. We contacted a builder in Loveland about leasing one of his new apartment suites so we could furnish it and use it as a short-term rental for the Berthoud family. He agreed. We were able to help this family during a time of crisis and that felt great!”

Success At Last!

By the end of their first six months as AvenueWest franchisees, Deb and Todd say they have become cash flow positive and currently have more than 50 properties in inventory.

“We are very proud of how fast and confidently Deb and Todd have grown the AvenueWest brand in Northern Colorado. They have become one of our most successful franchisees in only one year. We look forward to continuing our relationship with this dynamic duo, and to proudly serve the corporate housing needs throughout Northern Colorado,” says Smith.

Looking Ahead

AvenueWest has become a full time career for both Deb and Todd (both left their day jobs), and they both agree that their earning potential far exceeds their previous career paths.

While 2014 was a fast-growth year for AvenueWest Northern Colorado, Deb says she knows she still has a lot of work to do. She says she would like to reach an exciting milestone of 100 properties in inventory within the next two years.

 “Northern Colorado is an in-demand region for both residents and businesses. We can only hope we are in a position to help all the clients that come our way in search of furnished, temporary housing,” says Deb.

About AvenueWest Northern Colorado

Since 1999 AvenueWest has been providing award winning service and exclusive furnished corporate housing properties.  The company is focused on hands-on customer service and high quality rentals to meet the housing needs of both the experienced business traveler and also the discerning traveler on a budget. Fort Collins is a rapidly growing city with an award winning quality of life.  AvenueWest Northern Colorado strives to connect clients with the short-term, furnished housing they need in Old Town, Southeast Fort Collins, North Fort Collins, Midtown, Water Valley, Centerra, Loveland, Windsor, and Greeley.

Oldie But Goodie

Invariably around this time of year, every year, our thoughts will sooner or later turn to the New Year and what we hope to accomplish. This hope comes in the form of New Year’s resolutions, commitments to one’s self or goals.

When it comes to setting goals remember to keep it S.M.A.R.T. (I told you it was an oldie but goodie). The origin of this acronym dates back to 1981, and has been interpreted a number of different ways since then but my preference is:

S…. make your goals specific. Not “I want to open a business” but rather “I will open a Property Management business in the Corporate Housing Industry”

M…. make sure your goals are measurable; otherwise they are no more than a dream. “I want to lose a lot of weight this coming year” is a wonderful thought but “I want to lose 20lbs by the end of the New Year” is a measurable goal. Did you or did you not reach it?

A…are your goals attainable. Specifically, is it even possible to reach that goal? For me, a goal to be President of the United States is not attainable, since I’m not a natural born U.S. citizen.

R… is your goal realistic? As much as I want to be an NBA center, it’s just not realistic. Perhaps a better example would be “I want to own the largest corporate housing business in the relocation industry by the end of next year”…sorry to disappoint you, but that just isn’t realistic at all!

T…your goals must have a time frame. That is a date, or number of days, weeks, months or years by which time you will have achieved that goal. Without the deadline a goal is no more than a wish.

One last thing, to be truly successful in reaching your goals they need to be written down. It’s not good enough to say “oh I know what my goals are because I keep them in my head all the time.” If you’ve taken the time to set your goals why not stack the deck in your favor by taking that small step of writing them down. Then share them with a friend, business coach or trusted advisor; at AvenueWest Managed Corporate Housing our franchises share their goals with our founder, Kimberly Smith, and myself. Then hold yourself accountable throughout the year by sharing updates on your progress with those advisors. Don’t accept my word for it, check out Dr. Gail Mathews’ study at: http://www.dominican.edu/dominicannews/study-backs-up-strategies-for-achieving-goals

And remember…take your goals out and read them from time to time…are they still what you want? Are you on track to achieving them? Do you still even want to attain that particular goal? If not, go ahead change it…you’re allowed…THEY ARE YOURS!

Mark Vost

Business Development

AvenueWest Global Franchise

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